realtors: Fannie and Freddie Get Tough on Scams - 04/26/10 03:16 PM
Fannie and Freddie get tough on scams A new coalition, led by Fannie Mae and Freddie Mac, will launch a national campaign to prevent loan modification scams. The Loan Modification Scam Prevention Network also includes the Lawyer's Committee for Civil Rights Under Law and NeighborWorks America, which is a network of community development and affordable housing organizations. The network will work to educate borrowers, take in complaint reports and coordinate with local, state and federal enforcement agencies.
A story in the November 2009 issue of HousingWire cited complaints of modification scams in California increasing from 163 in 2008 to 2,000 in 2009. … (2 comments)

realtors: Get Going on Google - 04/26/10 03:11 PM
Get Going on Google - Online Lesson  With over 63% of the search engine market, Google is the clear winner in the race to grab consumer attention so making sure your real estate related website is highly ranked is essential. Pay-per-click is fast and easy but rarely as cost effective as organic marketing measures. Naturally ranked websites are also perceived as more reputable among users...in fact, research indicates over 65% of people never click on paid results!This week we will find out what it takes to get going on Google. Whether you putting up your very first real estate related website or … (0 comments)

realtors: 11 Reasons NOT to Buy a Texas Short Sale - 04/26/10 03:06 PM
11 Reasons NOT to Buy a Texas Short Sale
Short sales happen when home values fall and sellers do not receive enough cash from a buyer to pay off their existing mortgages, providing lenders agree to take less than the amount owed to them.
On the surface, it may appear that a short sale buyer is getting a good deal. Although a slim margin of short sales may be profitable for a buyer -- because there are always exceptions -- much of the time, a buyer would be better off buying a home that is not in default.
You are unlikely … (2 comments)

realtors: FREE Short Sale Assistance - 04/17/10 02:07 PM
Free Short Sale Help what more can you ask for?                                 Email me
Free Short Sale
Are you stressed about selling your home and are upside down? If you are facing foreclosure and can no longer afford your home we can help. The process we use is called a Short Sale. A Short Sale is the process where a bank will take less than the current balance on a home as a payoff in order to allow a homeowner to sell. If you have had a hardship in your life or just when you are upside down, we can help. We take … (0 comments)

realtors: Don't foreclose..do a Humble TX Short Sale - 03/30/10 07:12 PM
Don't foreclose! Do a Humble Texas short sale...
March 30, 2010 · Email me
Short sales are the hottest thing going in the distressed-property market, and the trend is expected to get even hotter in coming weeks, when the government starts handing out cash to encourage lenders to close these deals.
"Banks have ramped up short sale approvals," said Duane Legate of House Buyer Network, which connects short sellers with buyers. "They're hiring a lot of the people who once worked in the mortgage-lending industry and moved them over to short sales."
These transactions, where lenders allow homeowners to sell their houses for … (2 comments)

realtors: Are You Buying a Humble Texas Short Sale - 03/27/10 02:14 PM
Are You Buying a Texas Short Sale
Most buyers pursuing short sales get a good deal.  When you see a price listed for a home that you think is too low for the neighborhood, ask your real estate agent to call the listing agent to find out if the home is a short sale.
You might want to think twice about making an offer on a pre-foreclosure, short sale home. Very few can close in 30 days or less.
Many home buyers have waited 3 to 4 months to close on a short sale, sometimes longer. But is it a good deal to wait … (0 comments)

realtors: Jumbo Stated Loans-All 50 States - 10/06/09 04:18 PM
I was surfing the blogs on the ‘Rain' looking For Jumbo Stated Loans to compare what is available and what the group I consult for has.  So I decided to at least share with the members of the Rain community this information.
ANNOUNCEMENT:
STATED RESIDENTIAL OR COMMERCIAL JUMBO PROGRAM
Are You Looking to Buy or Sell a Residential or Commercial Property that is between $500,000 and $20 million?
A  program that may be able to help a seller and buyer get the deal done!!
This program is designed for purchasers that can't qualify for conventional loans associated with the purchase … (3 comments)

realtors: So, what's better Short Sales or Savings? - 10/06/09 03:54 PM
What's Better...Short Sales or Savings? No, this isn't a trick question nor are we opposed to savings - in fact, liquidity is an essential survival strategy that helps investors at all levels ride out tough economic times; however, it is possible to take anything to the extreme including savings.  As Americans across the nation embrace savings for the first time in years, there is a growing need for rational financial reasoning especially when it comes to investments. For years consumers were content to spend money they had not earned then simply make credit card payments or take out a second mortgage. Today … (1 comments)

realtors: US Treasury set to finalize... - 10/05/09 02:56 PM
U.S. Treasury set to finalize home "short sales" plan‏
 Hello everyone.  Thought you might find this
Interesting article about short sales and I thought you might enjoy....... http://news.yahoo.com/s/nm/20091002/bs_nm/us_treasury_foreclosures_plan Charles Gardner, ConsultantHome Buying Market Placehttp://www.homebuyingmarketplace.com
charlesg@homebuyingmarketplace.com
 Check out the article and let me know what you think.
See you on the other side!!
… (2 comments)

realtors: News for Short Sale Investors and Others..Particularly Realtors - 05/15/09 05:16 AM
News for Short Sales Investors and Others...Particularly Realtors
Short sales are complex transactions involving careful coordination and close cooperation among a number of parties -- servicers, appraisers, borrowers, purchasers, real estate brokers, title agencies, and often mortgage insurance companies and junior lien holders.  A short sale usually provides a better outcome for borrowers, investors and communities, but because of the complexity and time involved, servicers have often opted to pursue foreclosure instead, even where a short sale would have provided a substantially better outcome for everyone involved.  The Making Home Affordable (MHA) Program provided additional details yesterday on its plan to … (0 comments)

realtors: Did YOU See this Letter to the Editor about Short Sales Riches?? - 05/04/09 09:27 AM
Did YOU see this Letter to the Editor??
Letter to the Editor, Tampa Tribune:
I understand why your reporter focused on my colorful hair and YouTube marketing videos in her story about Short Sales Riches, our business model for helping homeowners close "short sales" and avoid foreclosure judgments.
But by emphasizing the critics, she missed the context for why our business is having such success.
This is an unprecedented time in the housing market. More than half the homes for sale are distressed properties, including short sales, where banks agree to accept less than what is owed in return for the … (1 comments)

realtors: Do YOU Never Say No? - 05/02/09 12:12 PM
Do YOU Never Say No?
One of the first lessons to learn about negotiating the biggest profits when working with short sales is to never say no. While most of life's important lessons tend to revolve around saying no in one form or another, the central premise to reaching an agreeable negotiation is to simply never say no. As long as both parties are still talking, there is enough room to reach an agreement. 
Learn how to never say no even in the toughest situations by implementing a few of these great tactics for your next short sale deal:
Nurse the … (2 comments)

realtors: How Short Sale Investors Can Spot True turn-Around - 04/29/09 10:20 AM
Signs of the Times - How Short Sale Investors Can Spot the True Turn-Around
At the first sign of slowing declines and a few stocks going up in value, the media is eager to report that the worst is over. Before you run out and begin buying up stocks or bonds it might be a good idea to review the signs of a real bottom. Expect a true turn-around to take place after the following events have been established:
Debt Liquidation. While the big bank bail-outs and automobile manufacturers might seem to have drained the Federal Reserve, remember what we spoke … (0 comments)

realtors: Foreclosure Requirements Take Toll on Short Sales - 04/20/09 12:04 PM
Fighting Fair - Foreclosure Requirements Take Toll on Short Sales
Short sale investor are increasingly confronted with the prospect of losing out on a short sale deals as sellers seek to maximize the time they are able to live in a home for "free."   A plethora of informational items are advising sellers to fight foreclosure and use stall tactics including entertaining multiple short sale offers and fighting foreclosure technicalities.
Learn how to identify stalling tactics and avoid wasting time on sellers playing the waiting game by understanding the basics of foreclosure requirements and delay techniques.
Foreclosure Requirements
1.  Notice of Default … (4 comments)

realtors: Getting a Loan Modification - 03/05/09 04:58 PM
Subject: Getting a Loan ModificationThousands of homeowners are turning to loan modification as a way to overcome mortgage difficulties brought on by the troubled housing market. It's a great option and if you think you may be in trouble, it's something you should strongly consider. Getting a loan modification, though, is no easy task.Use a loss mitigation company to negotiate on your behalf.While it is possible to negotiate directly with your lender, it is generally not recommended.There are many pitfalls that can cause your modification attempts to go awry. You'll want to apply for loss mitigation with a professional company that … (1 comments)

realtors: Mortgage Loan Modification for Humble, Texas - 02/24/09 03:51 PM
Mortgage Loan Modification-Humble, TX
The mortgage loan modification process is not an overly difficult one. The fact is lenders are very motivated to work with you. For lenders, a loan modification is the preferred solution to help troubled homeowners.
There are 6 key elements that the lender will look for when considering a Mortgage Loan Modification:
The factors they will look at are:
1. Hardship2. Ability to pay3. Amount Owed4. Equity in the property5. Future financial situation6. Does it make more sense to have the borrower sell the home via a short sale.
A loan workout or loan modification generally occurs … (0 comments)